Home>Cyclical Pressures Cloud National Oilwell Varco's 2013 Outlook, but Aftermarket Offers Upside
Cyclical Pressures Cloud National Oilwell Varco's 2013 Outlook, but Aftermarket Offers Upside
Morningstar Articles
Mon, 18 Mar 2013
National Oilwell Varco NOV has a wide economic moat and stellar capital allocation, and it is run by Pete Miller, Morningstar's reigning CEO of the Year, so it is puzzling that the market has dinged the firm for its currently margin-dilutive investments and mix shift. Ultimately, today's margin-…
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